Early Stage Deals, Cleantech Collapse Drive 2012 VC Trends

48 percent of VC investment in the quarter, compared with 52 percent a year earlier.

Massachusetts remained essentially flat in the second spot of this ranking, while New York grew, from 8 percent of VC dollars in the fourth quarter of 2011 to 10 percent in the final period of 2012.

Texas dropped from 6 percent of VC investment nationally to 3 percent, while Washington state grew from 2 percent to 4 percent.

New York also grew its share of the deal flow in the fourth quarter of 2012, from 10 percent of all deals to 12 percent. The rest of the top five states remained within one percentage point of their previous performance.

Author: Curt Woodward

Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft. Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem. A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.